Helmkamp Construction Co.

FINALIST

Rob Johnes
CEO

Location:

East Alton, Illinois
Industry:

Commercial construction
Plan(s) Offered:

401(k)
Plan Assets:

$11.2M
Number of Participants:

43
DC Plan Participation Rate:

97%
DC Plan Average Deferral Rate:

12%
Automatic Enrollment:

Yes
Automatic Escalation:

Yes
Default Deferral Rate for Auto-Enrollment:

5%
Default Investment Fund:

Fidelity Freedom Index target-date funds
DC Plan Employer Contribution:

100% of 1% + 3% nonelective contribution; discretionary match: 100% of deferrals, to IRS limit, less the 4% total safe harbor contributions
Recordkeeper:

T. Rowe Price Retirement Plan Services Inc.
Plan Adviser:

CAPTRUST
Financial Wellness Educator(s):

T. Rowe Price Retirement Plan Services Inc.; Financial Finesse

The average deferral rate for participants in the Helmkamp Construction Co. 401(k) is 12%. But that’s not surprising. The company, a provider of general construction services to the industrial and life science sectors, has matched 96% of eligible savers’ earnings—i.e., a 100% discretionary match minus a guaranteed 3% nonelective contribution and 1% salary match—to the IRS limit in 15 out of 19 years, the past 11 straight. The average: 87%-plus for those nearly two decades. “It’s not uncommon in their company for employees to retire in their early 50s with multimillion-dollar 401(k) balances,” its nominator wrote.

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